Taos Real Estate Market Data The Year to January 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 20 27 7 35.0% COMPANY Reul ta SVolume $6,944,700 $12,415,900 $5,471,200 78.8% Median Price $332,500 $363,000 $30,500 9.2% Average Price $347,200 $459,800 $112,600 32.4% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 147 141 (6) -4.1% CONDOMINIUMS 2020 2021 Incr (Decr) Change # Units Sold 2 6 4 200.0% SVolume S688,500 $1,589,800 $901,300 130.9% Median Price $344,300 $251,400 ($92,900) -27.0% Average Price $344,300 $265,000 (S79,300) -23.0% Ave. Days on Mkt. 124 88 (36) -29.0% LAND 2020 2021 Incr (Decr) Change # Units Sold 7 10 3 42.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $548,500 $776,000 $227,500 41.5% Median Price $85,000 S62,000 ($23,000) -27.1% Average Price $78,400 S77,600 (S800) -1.0% Ave. Days on Mkt. 701 282 (419) -59.8% www.realestatetaos.com The Covid-19 pandemic in 2020 added an incremental wave of buyers to a market that had been steadily gaining momentum for the past several years. The market is expected to remain hot in 2021. The year got off to a vigorous start in January. Call me for a free market analysis of the value of your property, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Unit sales of single-family homes-by far the biggest segment of the market-were up in January 2021 by 35% over the same month Demand has also increased. The lack Unit sales in January 2021 were up 42% of inventory is even more acute than for homes, and this was a limiting factor on sales last year. Inventory will be inadequate over January 2020; dollar sales were up 42%. The land market is starting to pick up some momentum. It hasn't recovered from the real estate recession the way the in 2020. Dollar sales were 79% more than last January. One sale was close to $2 again this year. Prices are rising in this milion. The supply of homes listed for sale remains nowhere near adequate for buyer market segment, to0. January sales were up in both units and dollars over January residential market has, but with the severe lack of inventory of existing homes for sale, land sales should continue to gain, as some buyers decide to buy land and build a home, There is ample inventory, and prices have not risen the way they have for residential properties. demand, which spiked last year due to the last year, but unless more inventory pandemic, and continues strong. Prices are rising at an accelerated rate. comes on the market, 2021 sales will be constrained again. Read my complete Taos Real Estate Market Report at www.realestatetaos.com NOTE: These data do not include Angel Fire and other areas in the Taos MLS that are not considered part of the main Taos market. Based on data from the Taos County Assn. Realtors MLS as of 02/08/2021. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to January 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 20 27 7 35.0% COMPANY Reul ta SVolume $6,944,700 $12,415,900 $5,471,200 78.8% Median Price $332,500 $363,000 $30,500 9.2% Average Price $347,200 $459,800 $112,600 32.4% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 147 141 (6) -4.1% CONDOMINIUMS 2020 2021 Incr (Decr) Change # Units Sold 2 6 4 200.0% SVolume S688,500 $1,589,800 $901,300 130.9% Median Price $344,300 $251,400 ($92,900) -27.0% Average Price $344,300 $265,000 (S79,300) -23.0% Ave. Days on Mkt. 124 88 (36) -29.0% LAND 2020 2021 Incr (Decr) Change # Units Sold 7 10 3 42.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $548,500 $776,000 $227,500 41.5% Median Price $85,000 S62,000 ($23,000) -27.1% Average Price $78,400 S77,600 (S800) -1.0% Ave. Days on Mkt. 701 282 (419) -59.8% www.realestatetaos.com The Covid-19 pandemic in 2020 added an incremental wave of buyers to a market that had been steadily gaining momentum for the past several years. The market is expected to remain hot in 2021. The year got off to a vigorous start in January. Call me for a free market analysis of the value of your property, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Unit sales of single-family homes-by far the biggest segment of the market-were up in January 2021 by 35% over the same month Demand has also increased. The lack Unit sales in January 2021 were up 42% of inventory is even more acute than for homes, and this was a limiting factor on sales last year. Inventory will be inadequate over January 2020; dollar sales were up 42%. The land market is starting to pick up some momentum. It hasn't recovered from the real estate recession the way the in 2020. Dollar sales were 79% more than last January. One sale was close to $2 again this year. Prices are rising in this milion. The supply of homes listed for sale remains nowhere near adequate for buyer market segment, to0. January sales were up in both units and dollars over January residential market has, but with the severe lack of inventory of existing homes for sale, land sales should continue to gain, as some buyers decide to buy land and build a home, There is ample inventory, and prices have not risen the way they have for residential properties. demand, which spiked last year due to the last year, but unless more inventory pandemic, and continues strong. Prices are rising at an accelerated rate. comes on the market, 2021 sales will be constrained again. Read my complete Taos Real Estate Market Report at www.realestatetaos.com NOTE: These data do not include Angel Fire and other areas in the Taos MLS that are not considered part of the main Taos market. Based on data from the Taos County Assn. Realtors MLS as of 02/08/2021. Data are believed to be accurate, but are not guaranteed.